Encouraging Expenditures by the Government of Countries on the Defense Sector drives the Military Tank Container Market at a CAGR of 4.9%
Published Date : 02/05/2018
Latest market study on Military Tank Containers Market 2025 by Material Type (Stainless Steel and Aluminum Alloy); Container (Dry Container and Reefer Container); Supplies (Water, Fuel and Others); and End-User (Homeland Security & Military)- Global Analysis and Forecast?, the military tank container market is estimated to reach US$ 140.2 Mn by 2025 from US$ 97.6 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The key factor influencing the adoption of military tank containers globally, is the governmental initiatives to enhance the defense vehicles. Growing political tensions amongst the warring nations across the globe have propelled the countries to adopt a powerful military approach in order to safeguard national interests. The US, China, Russia, the UK, India, Saudi Arabia and France are the leading countries for military expenditures. Strengthening military in order to combat external foreign threats, allows for peace like situation within a country and law enforcement within the geographical borders of the nation. Deployment of army troops for such purposes is usually practiced. The increasing allocation of military budgets proves to be very promising for the procurement of efficient military tank container solutions. Thus, the encouraging budget allocations by the various countries depict large potential opportunities for the procurement of military tank containers
The global military tank market is further segmented into: by material, container type, supplies, end-users and geography. The market for military tank containers is anticipated to expand at a prime growth rate in the Asia Pacific region during the forecast period from 2018 to 2025. One of the major factor prevailing is the presence of major defense powers in Asia Pacific region such as China, India, South Korea, and Japan among others. These regions are constantly deploying their armed forces at remote locations for peacekeeping missions and deter threats from terrorist activities and other external forces. As a result, to support these remotely deployed troops with essentials, the major defense forces in the region are increasingly procuring tank containers, which is driving the market for military tank containers.
Furthermore, North America is a prominent market for military tank containers in the current market scenario owing to the rapid deployment of troops by the US defense forces. The US Department of Defense (DoD) is constantly posting its troops in countries such as Afghanistan, Syria, Iraq, South Korea, Kuwait and Italy among others in order to deter different threats and maintain sustainable atmosphere. Thus, increasing number of troop deployment from these countries is anticipated to be reason behind the growth of military tank containers market in Asia Pacific region.
Some of the key players of military tank container market includes WEW Container System GmbH, Klinge Corporation, Krampitz Tanksystem GmbH, SEA BOX, Inc., AMA S.p.A, ANCORA Sp. Z o. o., VARIEL, a. s., Eurotainer SA, LAVA Engineering Company, and Saxon Containers Fze among others.
The report segments the global military tank container market as follows:
Global Military Tank Container Market - By Material Type
Solar Stainless Steel
Global Military Tank Container Market - By Container Type
Global Military Tank Container Market - By Supplies
Global Military Tank Container Market - By End-Users
Global Military Tank Container Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)